Employee Benefits

Cafferty Clobes attorneys have been involved in numerous cases under the Employee Retirement Income Security Act (ERISA), passed by Congress to protect the interests of participants and beneficiaries in employer-sponsored pension and welfare benefit plans. For example, after the Mutual Benefit Life Insurance Corporation was placed in bankruptcy rehabilitation, we sued to recover benefits on behalf of all participants and beneficiaries in the company’s savings and investment plan. Our legal action under ERISA resulted in a $4.55 million settlement for participants and beneficiaries, and a compliment from Judge Harold Ackerman that we had done “a darn good job” on behalf of our clients. Similarly, attorneys of the firm assisted with a class action on behalf of over 25,000 retirees of Unisys Corporation concerning entitlement to retiree medical benefits. After trial, the court approved a partial settlement of nearly $73 million.

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